Tiffany & Co loses some of its sparkle

Tiffany & Co has seen its sales dip by 7.4 per cent in recent months
Tiffany graph

Luxury jewellery retailer Tiffany & Co has reported its biggest dip in net sales since 2009. The company’s net sales dropped 7.4 per cent to $891.3 million for the three months to the end of April.

“As expected, this was a difficult quarter in terms of both sales and earnings growth. We faced numerous challenges, ...